It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC he’s “over the moon” about the Calligeros clan taking on his beloved Trinity. “It’s been […]
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South Fremantle pub asset newly re-positioned by local proprietors Phil Thompson and Ross Macpherson. The pub
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of its turn-around strategies at the hands of the new board of directors hopes to capitalise
LANTERN OFFERS BEAUMONT EXCHANGE HOTEL TO MARKET Read More »
After the successful introduction of a new tenant, the freehold of the Petersham Hotel has burst onto a market prowled by investors. Located just a few kilometres from Sydney’s CBD, the Hotel possess a coveted 3am licence, bistro, nine EGMs and prominent position on bustling Parramatta Road. It is occupied by operators of the nearby
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John Murphy and CEO John Osborne have led an orchestrated plan to reverse the company’s flagging
LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND Read More »
Redcape Hotel Group and management of the Eastwood Hotel are taking Ryde Council to court over denied plans to build a new adjacent hotel. The Eastwood is a prominent corner landmark of the western Sydney suburb, and the Group submitted plans to construct a new $7 million venue to be known as the Red Lantern
REDCAPE GOES TO COURT OVER NEW EASTWOOD HOTEL REJECTION Read More »
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service solutions” for the hospitality industry. It went on to create its own brand, Beer DeLuxe,
A St Kilda pub and hotel business has hit the market amid the boom in pub-style accommodation around the country. Located on bustling Barkly Street in the bayside suburb of St Kilda, Hotel Barkly holds a 3am licence and consists of a public bar and rooftop bar, a downstairs bar and function room, and TAB
One of Australia’s most famous pubs is undergoing a major overhaul and the completed Phase 1 ushers in a “fresh new look and feel”. The historic Hotel Bondi was built in 1919, and stands vigil over the world famous Bondi Beach and its thriving Campbell Parade hospitality strip. After four decades under the expert hand
The Strand Hotel and surrounding land has hit the market, offering operators or developers “one of the last strategic land holdings” on the thriving east coast of Queensland. A local landmark, The Strand Yeppoon sits central in the redevelopment project for the area, bringing $45 million of Federal and State funding seeking to position the
STRAND HOTEL AND OCEANFRONT LAND SALE SCREAM POTENTIAL Read More »
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